(a) A sole proprietor, partnership, corporation, or
other legal entity engaged in the fitting and dispensing of hearing
instruments shall file a bond or a surety in lieu of a bond in the
amount of $10,000 with the committee conditioned on the promise to
pay all:
  (1) taxes and contributions due to the state and political
subdivisions of the state by the sole proprietor, partnership, corporation,
or other legal entity; and
  (2) judgments that the sole proprietor, partnership,
corporation, or other legal entity may be required to pay for negligently
or improperly dispensed hearing instruments or for breaching a contract
relating to the dispensing of hearing instruments.
(b) A sole proprietor, partnership, corporation, or
other legal entity subject to subsection (a) of this section may file
with the committee a deposit or other negotiable security acceptable
to the committee in the amount required in subsection (a) of this
section in lieu of a bond.
(c) The bond for a licensee must be received on or
before the date of issuance of the license.
(d) The bond for a non-licensed entity engaged in the
fitting and dispensing of hearing instruments must be received within
180 days of the effective date of these rules, or prior to the initiation
of the fitting and dispensing of hearing instruments following such
180 day time limit.
(e) An individual who is exempt from the Act pursuant
to Texas Occupations Code, §402.003, is not required to file
a bond under this section.


Source Note: The provisions of this §141.11 adopted to be effective March 19, 1996, 21 TexReg 1877; amended to be effective September 9, 2001, 26 TexReg 6671; amended to be effective August 1, 2006, 31 TexReg 5964; amended to be effective September 28, 2010, 35 TexReg 8751; amended to be effective January 22, 2015, 40 TexReg 327